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1701 Imperial Avenuelittle Italy Waterfront San Diego, CA Park 0.18 Acres

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1701 Imperial Avenuelittle Italy Waterfront San Diego, CA Park 0.18 Acres SD Int. Airport 32-72 Unit Apartment/Multi-family Site with Bay Views QUALIFIED OPPORTUNITY ZONE PROPERTY Balboa Park 1701 Imperial AvenueLittle Italy Waterfront San Diego, CA Park 0.18 Acres Embarcadero San Diego City College Horton Plaza Seaport Village Gaslamp District Convention Petco Park Center E HARBOR DR SITE ERIN MCKINLEY DAVID SANTISTEVAN Land Advisor Senior Executive Vice President +1 858 677 5312 [email protected] [email protected] Lic. No. 00913491 Lic. No. 01939372 table I. Property Overview ������������������������������������������������������������������� 03 of contents II. Fee Schedule ............................................................................ 04 III. Economic Outlook ��������������������������������������������������������������������� 06 IV. Aerials ....................................................................................... 08 V. Elevations & Floor Plans ����������������������������������������������������������� 18 VI. Community Plans �����������������������������������������������������������������������34 VII. Local Apartment Profiles ��������������������������������������������������������� 40 VIII. Market Overview ....................................................................... 42 IX. Demographics ............................................................................46 X. Offering Guidelines ��������������������������������������������������������������������47 | 2 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM PROPERTY OVERVIEW Property in the Qualified Opportunity Zone (QOZ) This property has been identified as being in the QOZ, which allows Buyers/Investors to use capital gain monies to invest in a Qualified Opportunity Fund (QOF) which can purchase the QOZ property. If the QOF invests its capital in a QOZ property for at least 7 years, the Buyer/Investor can receive up to a 15% tax break on the initial amount invested, and the investor’s share of the capital profits in the QOF will be treated as 100% tax free! Please consult your financial specialist for details. All 8,700 QOZs in the whole country that ever will exist have been designated… this property could be your chance to get in the game. www.cdfifund.gov/Pages/Opportunity-Zones.aspx Location 1701 Imperial Ave., San Diego, CA Density Bonus The City of San Diego has allowances for up to 50% density bonus (for providing 15% very APNs 535-630-01-00 low income units) along with five (5) incentives, including parking reduction Municipality City of San Diego incentives. Description of Project Unentitled land with the potential for a mid- Acreage 0.18 acres (7,921 SF) rise building with bay and Coronado bridge views. Potential for 32-72 +/- units Zoning CCPD-MC (Centre City Planned District - Mixed Commercial) Project Documents SD Density Bonus SD Denisty Bonus Parking Incentives Community Plan Centre City Planned District Topography Flat disturbed site FAR Minimum FAR 2.0 / Maximum FAR 3.0 / Maximum FAR with all available bonuses 6.0 Asking Price SUBMIT ALL OFFERS Max Buildable SF 47,526 SF District East Village (southeast quadrant) COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 3 | FEE SCHEDULE Estimated Fee Schedule LOCATION City of San Diego NUMBER OF UNITS 50 ACRES 0.18 1701 Imperial Ave PRODUCT TYPE Attached NUMBER OF BLDGS 1 PRODUCT SQ FT 1,000 Unit of Per Unit Fee Per Unit Cost Notes Unit Cost Measurement Qty Cost SDCWA 3/4" Meter $5,240.00 $5,240.00 Meter 1 $5,240.00 School Fee (San Diego Unified) $3,200.00 $3.20 sq. ft. $3.20 Sq. Ft. 1000 $3,200.00 Inclusionary Housing Fee N/A assuming providing onsite (otherwise $7.03 SF $7.03 Sq. Ft. 1000 $7,030.00 based on a project over 10 units) Water Fee $1,828.20 based on >70 du/acre $3,047.00 EDU 0.6 $1,828.20 Sewer Fee $2,474.40 based on >70 du/acre $4,124.00 EDU 0.6 $2,474.40 DIF Fee (Downtown) $8,161.00 multi-family $8,161.00 Unit 1 $8,161.00 RTCIP Fee (Multi-Family) $2,240.00 $2,240.00 Single Family 1 $2,240.00 Per Unit Total Cost $23,143.60 | 4 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 5 | ECONOMIC OUTLOOK | Multi-Family Development Pipeline NO. DEVELOPER PROJECT NAME UNITS 1 H.G. Fenton Company Reader Building 125 2 CityMark Development Kettner Lofts / AVB 129 3 Corky McMillin Palatine Little Italy 101 4 Richman Group F11 99 5 StreetLights Residential StreetLights Makers Quarter 291 Embarcadero 6 Wood Partners The Rey 939 7 Trammell Crow Residential Alexan San Diego 313 8 Lowe Enterprises IDEA 1 282 Seaport Village 9 Richmond Group Library Tower 226 10 Willmark Communities Park and C Street 108 11 Lennar Hybrid 368 12 Greystar Ballpark Village 713 13 Alliance Residential Broadstone Makers Quarter 269 8,562 UNITS UNDER CONSTRUCTION, Entitled and Planned; 3,746 UNITS COMPLETED by December 2017. | 6 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM San Diego International Airport Little Italy Balboa Park 2 1 3 Waterfront Park San Diego 6 City College Horton Plaza 10 4 Gaslamp 8 District 13 5 E HARBOR DR Convention Petco Park 9 Center 7 11 12 COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 7 | Y A W D A O R B T E E T V E I E E E R R E V T V D I 24TH STREET H ST 24T R S R A G D T L N I L S G EET A RD STR I H 23 23RD ST E T A N S I C V I T E R H R A E R E S E E EET R R 2ND STR 2 E 22ND ST D K P M T E N P R S P M A M A O L K 21ST STREE2T1ST ST I C S M I 20TH STREE2T0TH ST PARK 19TH STREE19TTH ST PARK BALBOA BALBOA SITE 5 D V L 17TH STR1E7ETHT ST B K R 16TH STR1E6TEHT ST A P T E T E E E SAN DIEGO R R T CITY COLLEGE T S S J J SAN SAN DIEGO CITY COLLEGE 11TH AVE 10TH AVE T E PARK E PETCO R Y T A S E T V W T T T T T E A VE E 6TH A E D E E E E E E E E D A K R R R R R N T R T O T T T A S 5TH AVE S S R S A S L B C B S E F G M T I E E TH AVE E 4 Y IV R A T T T R T T T E E E W DDR E 5 E S E E E E E D R T R R R R R OOR A E T T T T T B K S S O S S S RRB R R B C E A F G B A HHA 1ST AVE M E FRONNTT S TSRTEREETET SAN DIEGO UNIOION NS TSRTEREETET CONVENTION CENTER STATTEE S STTRREEETT T T COLLUUMMBIBA ISAT SRTERETEET E E T E BAY T E E R T T E E R T E INDDIAIA S TSRTEREETET E S R E T S R SAN DIEGO T T R S N T E S T N T S R E S R E S KETTTNER BOULEV TN E ER BOULEARD VARD R O R P R P Y O I I T H V A F F A H I S T R T R T E G T G EE W E W R Y RT TS S D A D A AIA R V I AR DD I AV H N V I I E H . E LL U . BOOU . PACIFIC HWY. PACIFIC HWY. R B W R W TTNNEE W KETT WYY.. CC H HW T IIFFII T C E PA N. HARBOR DRIVE E P N. HARBOR DRIVE E E R R PARK T T S S L L E WATERFRONT E R R U U A A L L BAY BAY SAN DIEGO SAN SAN DIEGO AIRPORT AIRPORT SAN DIEGO SAN SAN DIEGO AERIALS | Locator INTERNATIONAL INTERNATIONAL | 8 | 1701 IMPERIAL |AVENUE SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM AERIALS | Oblique Convention Center Petco Park COMMERCIAL ST 17TH STREET IMPERIAL AVE COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 9 | AERIALS | Far Petco Park SITE 17TH STREET IMPERIAL AVE Convention Center PARK BLVD COMMERCIAL ST E HARBOR DR | 10 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM AERIALS | Close IMPERIAL AVE 17TH STREET 17TH COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 11 | AERIALS | Proximity to Coronado Bridge | 12 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM AERIALS | View From 70 Feet COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 13 | AERIALS | View From 70 Feet | 14 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM AERIALS | View From 50 Feet COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 15 | AERIALS | View From 40 Feet | 16 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM AERIALS | Top Down 17TH STREET IMPERIAL AVE COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 17 | | 18 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM PROPOSED | Mid-Rise Elevations Imperial Avenue Plans 10-24-16 Rev 2 Imperial Avenue Plans 12-14-16 COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 19 | OPTION A | Floor Plan | 20 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM OPTION A | Building Section COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 21 | OPTION B | Floor Plan | 22 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM OPTION B | Building Section COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 23 | TYPICAL UNITS | 24 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM TYPICAL UNITS COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 25 | AFFORDABLE MIX | Floor Plan | 26 | 1701 IMPERIAL AVENUE | SAN DIEGO COLLIERS INTERNATIONAL | OFFERING MEMORANDUM AFFORDABLE STUDIO | Floor Plan COLLIERS INTERNATIONAL | OFFERING MEMORANDUM 1701 IMPERIAL AVE | 27 | PROPOSED | Mid-Rise Elevations Art Lofts Imperial Avenue Art Lofts trestlebuild.com Preliminary Designs Provided by: malickinfill.com Northwest View Trestle Build | Imperial & 17th Art Lofts 3 PROPOSED | Art Lofts Southwest View Southeast View th Trestle Build | Imperial & 17th Art Lofts 5 Trestle Build | Imperial & 17 Art Lofts 6 North View West View COLLIERS INTERNATIONAL | OFFERING MEMORANDUM th 1701 IMPERIAL AVE | 29 | Trestle Build | Imperial & 17th Art Lofts 2 Trestle Build | Imperial & 17 Art Lofts 4 PROPOSED | Art Lofts Imperial
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